We had an incredible 2020 compared to many markets in the world. We know all of North American real estate has been active: buying and selling with, for the moment, healthy demand and supply. We still do not know what the underlying world-wide economics are suffering as a result of lockdown from the coronavirus. We will begin to see more clearly in 2021 how much damage and how much positive economic or lifestyle changes are the current ¨norm¨.
CONTINUE READING
Vallarta Rentals
Viewpoint Blog Home > Archives
Real Estate Listings and Sales
Current Market Conditions for Bay of BanderasOur market is not volatile as some people would expect. We are more in ¨pause¨ while everyone is watching for who the buyers and sellers will be 2020 and 2021. The majority of our 2,022 active listings are not subject to mortgages. This is key to understanding that our typical seller is not highly leveraged and has paid cash for his property. Carrying costs then are very low compared to the US or Canada where mortgages can be 90% of the value of the property.
CONTINUE READING
Planes, Projects and Property
Positives for the Puerto Vallarta Real Estate MarketFirst: 17 New Mexico City Real Estate Projects Approved – The Mexico City government has authorized the construction of 17 real estate projects in the capital as part of a plan to combat the economic impact of the coronavirus pandemic. The government has announced 14 projects on Paseo de la Reforma in the central borough of Cuauhtémoc, and three others along the avenue’s extension in the boroughs of Álvaro Obregón and Cuajimalpa.
CONTINUE READING
1st Quarter Sales & Stats
Real Estate Market Update for Banderas BayWe ended the first quarter for sales Jan-March 2020 compared to Jan-March 2019 selling condos and homes for $60,713,767 USD. This is down 32% from 2019 same time. The average sale price was $312,958 USD, down 5% from 2019. Total units sold were 194, down 29% from 2019. April will be a slow month, but for the first 6 days of April 2020, compared to same time 2019, we closed 7 transactions for a total of $2,010,534 USD down 59% from 2019.
CONTINUE READINGBecause Expertise, Experience & Integrity Matters
Contact us today to get started
Harriet Murray
Owner / Agent
Email: harriet@casasandvillas.com
USA/Canada: +1 (504) 298-6730
Puerto Vallarta: +52 (322) 223-4027
Puerto Vallarta Cel: +52 (322) 205-7550
